Elon Musk and Mark Zuckerberg will live-stream a charity cage fight on X (previously Twitter), aiming to raise funds. This event is part of the rivalry between X’s rebranding and Meta’s Threads launch in the social media market.
However, both platforms are grappling with spam bots and scammers. Interestingly, Musk has decided against introducing a crypto token for X, setting it apart from other social media platforms exploring cryptocurrency integration.
The cage fight and these strategic moves are expected to attract attention and boost interest in both platforms as they compete for dominance.
Tech billionaires Elon Musk and Mark Zuckerberg have apparently agreed to a cage fight, and Musk announced that it will be streamed live on X, the platform formerly known as Twitter.
Musk tweeted that the fight, dubbed “Zuck v Musk,” will be a charity event for veterans, with all proceeds going to charity.
Zuck v Musk fight will be live-streamed on 𝕏.
All proceeds will go to charity for veterans.
— Elon Musk (@elonmusk) August 6, 2023
Elon Musk vs. Mark Zuckerberg Battle
In June, Elon Musk tweeted about being open to a cage fight with Mark Zuckerberg, and Zuckerberg responded with interest. Both CEOs have been preparing for the battle, with Zuckerberg reportedly training in MMA and Musk lifting weights throughout his day.
As of now, the fight remains a verbal exchange, with Zuckerberg questioning the choice of X as a platform for the live stream, suggesting a more reliable option for charity fundraising.
On his rival platform Threads, Zuckerberg expressed his readiness for the fight and mentioned proposing August 26 as a potential date, but Musk has yet to confirm.
The competition between the tech moguls continues, with Zuckerberg stating his commitment to the sport and his willingness to compete regardless of the outcome.
Both Elon Musk and Mark Zuckerberg are vying for a bigger share of the social media market, which is becoming smaller. To regain users and revenues, Twitter rebranded to X.
On the other hand, Meta launched Threads to compete directly, but engagement has been declining since its launch in early July.
The competition between the two tech giants is intense as they try to capture more users in the evolving social media landscape.
Both platforms, X and Threads, are struggling with spam bots and scammers, despite their efforts to combat the issue. Elon Musk introduced rate limits as a solution, but it seems to have led to some users leaving the platform.
Additionally, there have been incidents of unrelated tokens like TwitterDAO and X experiencing pump-and-dump schemes on August 5 and late July, respectively.
These events have added to the challenges and complexities faced by both platforms in maintaining a secure and reliable environment for their users.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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